EIA: US Average Residential Propane Price Up 1.4cts in Wk
10/17 1:15 PM
EIA: US Average Residential Propane Price Up 1.4cts in Wk CANYON LAKE, Texas (DTN) -- The Energy Information Administration today said the average residential price of propane in the United States rose 1.4cts in the week ended Monday (10/14) to $1.854 gallon, which is down 53.5cts from the second week in October 2018. Residential propane prices along the East Coast PADD 1 averaged $2.572 gallon in the week ended Monday, up 2.4cts from the week prior but down 63.2cts from the same time last year, EIA data shows. In New England PADD 1A, the average price of residential propane moved 1.4cts higher in the week to $2.718, down 47.4cts from the same week last year. Residential consumers in the Central Atlantic region saw the price point increased 2.2cts in the week-ended Monday to $2.442 gallon while in the Lower Atlantic PADD 1C region the price moved 5cts higher at to $2.596 gallon. In Midwest PADD 2 states, the average retail price of residential propane was at $1.406 gallon, up 1.2cts from the same time last week but down 35.3cts from the same time in 2018. In Gulf Coast PADD 3 states the retail average increased 0.6cts in the week to $2.067 gallon, which was down 37.4cts year-over-year. In Rocky Mountain PADD 4 states the average price of residential propane states edged 0.3cts higher in the week-ended Monday to $1.506 gallon, up 55.8cts from the same time last year. The U.S. average wholesale price rose 2cts during the week to 60.4cts gallon, which was down 41.1cts from the same time in 2018. The average wholesale propane price in East Coast PADD 1 moved 1.2cts higher in the week-ended Monday (10/14) to 66.9 gallon, 49.3cts less than at the same time last year. In Midwest PADD 2 states the average price of wholesale propane was at 57.5cts gallon on Monday, up 2.5cts in the week but down 37.1cts from the same time in 2018. (c) 2018 DTN. All rights reserved.